6572 Mauna Loa Blvd
Sarasota, FL 34241
3 beds · 2 baths · 1,493 sqft
$454,000
Get prequalified6572 Mauna Loa Blvd
Sarasota, FL 34241
3 beds · 2 baths · 1,493 sqft
$454,000
Get prequalifiedOne or more photo(s) has been virtually staged. Welcome to your dream lakefront home in the heart of Sarasota! Closing cost available! This beautifully renovated 3-bedroom, 2-bathroom property offers 1,493 square feet of stylish, move-in-ready living space perfect for a growing family. Step inside to soaring cathedral ceilings and an abundance of natural light in the great room. The brand-new kitchen features elegant cabinetry, new stainless-steel appliances, and a fresh, modern design. The primary bedroom includes an updated en-suite bath with a stunning frameless glass shower door. Additional upgrades include a brand-new roof (2024), newer water heater, and new garage door motor. Luxury vinyl flooring runs throughout, creating a seamless and low-maintenance living environment. The spacious screened-in lanai offers the perfect setting to relax or entertain with tranquil lake views, while the fully fenced backyard provides privacy and room to play. Best of all, this home has no HOA, no CDD fees, and is not located in a flood zone. Offering Sellers concessions. Located in a central Sarasota neighborhood close to top-rated schools, shopping, dining, and world-renowned beaches, this home is a rare find. Schedule your private showing today!
Source: STELLAR #A4654060
Roam is your trusted partner for affordable home ownership. We help manage the assumption process from start to finish, enabling homebuyers to easily purchase their next home with a low-interest rate mortgage attached.
To qualify, you must meet the current FHA, VA, or USDA loan requirements depending on the type of loan you are assuming. This typically means a minimum credit score of 580, although most lenders prefer 620-640. Your debt-to-income ratio should be under the 50% max under FHA guidelines. Additional information such as employment history, explanations of income for each applicant, and asset verification for a down payment may be needed to process the loan.
An assumable mortgage is a type of home loan that allows a homebuyer to take over the existing mortgage terms from the seller, with no cost to the seller. Many government-backed loans, such as FHA and VA loans, are eligible for assumption, and millions of these mortgages are available.
When interest rates on mortgages are high, assuming a mortgage with a rate as low as 2% allows buyers to save up to thousands monthly compared to buying a home with a traditional mortgage at today’s average rates of 7%. A low-rate assumable mortgage could be the key to finding your dream home at an affordable price.
Roam has compiled available listings with low-rate assumable mortgages for you to browse. To get started, enter the city, state, zip code, or school district you’re interested in purchasing in. Utilize the search filters to narrow down your search. Click “Save search” to save your search preferences and activate listing notifications—we’ll email you as soon as new listings match your criteria.
Once you’ve found your dream home and ready to make an offer, schedule a call with a Roam Advisor directly from the listing. Your Roam Advisor will guide you through each step of the process, while also working directly with your agent, the servicer, and the seller to ensure you close on time.
When assuming the existing mortgage as part of a home purchase, the buyer has to cover the seller’s equity in the home. The seller’s equity is the purchase price minus the remaining mortgage balance. This amount must be covered in full through an all-cash down payment or by taking out a second mortgage.
Roam is committed to and abides by the Fair Housing Act and Equal Opportunity Act.